$200,000 In Savings But Want To Take Out Student Loans
The Ramsey Show Highlights
Ramsey Network
4.6 • 682 Ratings
🗓️ 14 September 2024
⏱️ 8 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.3 | So I'm a 22 years old. I have $200,000 in savings and I actually got accepted into law school a month ago. |
| 0:13.7 | Now, I'm considering taking a student loan. |
| 0:17.2 | No, boo! No! No! Don't do that. So that's my question is what do I do? Do I pay for school |
| 0:23.7 | outright? Yes. Forget about everything. Come out of school with, um, school's going to be $120,000. |
| 0:29.0 | So come out. I think it's like $80,000 left in my bank account. Yes. Or take a zero percent |
| 0:33.7 | interest, uh, student loan. Because right now I'm getting percentage on the money that I |
| 0:38.4 | have no no no no no no no no no no no here's why I was a dean of students at a law school |
| 0:44.8 | I've worked with young young attorneys and training and then as they transition out and the number |
| 0:51.0 | of students who had a vision of who they wanted to serve and who they wanted to help and who they wanted to go to war on behalf of got put in the trunk of a car because they had to go take the job that paid them the most money regardless of how unsafe, how toxic, how madhouse the culture was. |
| 1:08.6 | Right. |
| 1:09.3 | And I watched it. It ate people alive. Right. And I watched it, it ate people alive. |
| 1:15.9 | I want you to leave law school with 80 grand in the bank. |
| 1:20.4 | No debt. |
| 1:21.7 | You don't know anybody anything and you were armed with one of the most, one of the most |
| 1:25.6 | powerful credentials known to man which is a |
| 1:28.9 | North American JD right a jurist doctrine you know what you can do anything you can go serve |
| 1:35.9 | the least of these you can go work at a corporation you can go be a an executive you can go be a |
| 1:40.9 | member of the I don't know but I don't know if you're going to be are you going to are you going to school in Canada or in the States I'm going to Canada I'm going to law school in |
| 1:49.9 | the UK actually oh UK okay okay so what are you going to do with that with a UK law school |
| 1:54.0 | credential well I'm looking to either come back to Canada or come back to America and work |
| 1:59.5 | there but what I'm going to be working with either or so when you come back when you go come back to America and work there. But what? |
... |
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